Two-Unit Duplex with
New
For Sale
$375,000
111 Milton Rd, Daytona Beach, FL 32118
Separate entrances serve two residences, with outdoor areas and a dedicated room offering additional layout flexibility.
Property Size1,719 SF
Price / SF$218.15
Days on Market6
Property Features for 111 Milton Rd
General Information
Standard status
Active
Size
1,719 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
white picket fence
private paved patio
stone patio
lawn
outdoor shower
Building Details
Year Built
1948
Listing Agency:
Local Living Realty Group
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 6:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Local Living Realty Group
Investment Insights
Based on property information with market context.
Built in 1948, this 1,719-square-foot duplex contains a two-bedroom, one-bath residence and a one-bedroom, one-bath residence, each with its own entrance and kitchen. The larger unit has distinct living, family, and dining areas. The smaller home features an open living area and eat-in kitchen. A separate room beside the garage has its own bathroom and exterior access. The one-car garage provides parking and storage.
Outdoor features include a paved patio, a second stone patio beside a lawn, and an outdoor shower. The property is near the beach and includes a driveway and privacy fencing.
Outdoor features include a paved patio, a second stone patio beside a lawn, and an outdoor shower. The property is near the beach and includes a driveway and privacy fencing.
Key Highlights
- 1,719‑square‑foot duplex with separate entrances and two kitchens
- Two‑bedroom, one‑bath residence and one‑bedroom, one‑bath residence
- Additional room beside the garage has a bathroom and exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,080
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,600
$301.6K
Cap Rate 7%
$215,429
$215.4K
Cap Rate 9%
$167,556
$167.6K
Market Conditions
NOI Build-Up for 1,719 SF
Gross rent
$23.9K $13.92/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$21.5K $12.53/SF
− OpEx
−$6.5K −$3.76/SF
NOI
$15.1K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,600
Cap Rate 7%
$215,429
Cap Rate 9%
$167,556
Alternative Uses
Best Use
Multifamily LT 5
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,099 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve two residences, with outdoor areas and a dedicated room offering additional layout flexibility.
Where is this duplex located?
The property is located at 111 Milton Rd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,719‑square‑foot duplex with separate entrances and two kitchens; Two‑bedroom, one‑bath residence and one‑bedroom, one‑bath residence; Additional room beside the garage has a bathroom and exterior entrance
